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2013 and earlier Lexus GS 350 / GS 460 Lease Questions

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  • sonnierdsonnierd Posts: 2
    2010 Lexus GS 460 w/ Luxury Value Option
    10k miles
    3 year lease
    THANKS!!!
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Here you go, akhi2006. Lexus Financial Services' May buy rate lease money factor and residual value for a 36 month lease of a 2010 GS 350 AWD with 12,000 miles per year are .00165 and 55%, respectively for consumers who qualify for its top aka "Tier 1+" credit tier.

    If you are a current Lexus owner, make sure to take advantage of the $1,000 loyalty cash incentive that is currently available on leases of this model.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Hi Bushwack. Lexus Financial Services' May buy rate lease money factor and residual value for a 36 month lease of a 2010 GS 350 RWD with 12,000 miles per year are .00165 and 54%, respectively.

    Lexis is providing special financing rates on select models in May, unfortunately the GS 350 is not one of them.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    I'd be happy to, sonnierd. Lexus Financial Services' May buy rate lease money factor and residual value for a 36 month lease of a 2010 GS 460 with 10,000 miles per year are .00165 and 53%, respectively for consumers who qualify for its top credit tier.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • calcougcalcoug Posts: 3
    Is there a market for buying GS 350's coming off leases? I would like to buy a 2007 or 2008 GS 350 from someone ending their lease and pay a price above their buyout price. Is there a market for this anywhere that you know of?
  • mohan12mohan12 Posts: 2
    In case it helps anyone on the boards- quote received last week:

    GS350
    MSRP: $50,555
    Term: 36 months
    Annual Mileage: 15,000
    Lease Acquisition fee: $700.00
    NJ tax (7%): $1,586.20
    NJ Tire tax: $7.50
    Doc fee: $239.00
    Registration fee: $501.75
    Loyalty Rebate: ($1,000.00)
    =====
    Monthly Payment: $610.00
    Total due at signing: $2,644.45 ($2,034.45 + $610.00)


    Any thoughts or things I should push back on? I'm leaning towards closing on this over the weekend..
  • BushwackBushwack Posts: 258
    Hi Car_man,

    Thanks for the May lease rates but unfortunately I couldn't make a deal (family obligations got in the way :).

    So....for June, do you know the three year lease rates for a 2010 GS350 RWD, for 10,000 and 12,000 miles/yr (MF & Residual)?

    Also, are there any special finance rates available (should I purchase)? I would think Lexus would have a big promotion to coincide with Independence Day in a few weeks.

    Thanks again!
  • BushwackBushwack Posts: 258
    Hi Car_man,

    In case you missed my post from a few days ago...

    Thanks for the May lease rates but unfortunately I couldn't make a deal (family obligations got in the way).

    So....for June, do you know the three year lease rates for a 2010 GS350 RWD, for 10,000 and 12,000 miles/yr (MF & Residual)?

    Also, are there any special finance rates available (should I purchase)? I would think Lexus would have a big promotion to coincide with Independence Day in a few weeks.

    Thanks again!
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    No problem, Bushwack. Here's the latest. Lexus Financial Services' June buy rate lease money factor and residual value for a 36 month lease of a 2010 GS 350 RWD with 12,000 miles per year are .00165 and 54%, respectively.

    The residual value for a lease with only 10,000 miles per year would be 1% higher.

    Lexus was running a special financing program on this car a couple of months ago, but unfortunately it is not offering one today.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • kmontkmont Posts: 3
    Hey Mohan12, Did you do this deal? I would like to. I live in NJ and all of the numbers look good to me. Can you tell me where the quote came from?
    if you would like to call me directly, 856-334-2124
  • BushwackBushwack Posts: 258
    Thank you for the lease/residual numbers.

    Would you (or can you direct me where) know when the 2011 model is coming?
  • kmontkmont Posts: 3
    The deal that I was able to negotiate is $50,555 MSRP (NJ) $685 x 36 mos, 15,000 mpy, $1,250 down, incl first mo. Most dealers told me that they were losing money to do that deal.
  • I'm kinda torn between the ES and the GS. However I am leaning more towards the GS because I have owed 2 ESes and just would like something different. I was quoted a GS350 price of $46,500 with a 4yr/15K lease $4699 dwn, $699/mth and to purchase same price with a note of $697.30 for 72mths. The MSRP on the car was $49,500. I don't know if this is a good deal or not...but looking at the above post it doesn't seem like it. I live in Louisiana, but I am willing to purchase a car from another state if the deal is better.
  • adpcsadpcs Posts: 57
    You should be able to do much better than that. Contact Sewell Lexus in Dallas. They will even deliver the car to you...
  • Thanks, I have been dealing this morning and so far I have gotten them down to 45,500. I really appreciate your quick response.
  • kmontkmont Posts: 3
    Carman, do you know what Lexus charges when you go over on miles? If it matters, I am considering leasing a GS350 for 36 mos. I am being quoted .25 per mile, seems high
  • myerslawmyerslaw Posts: 21
    The cost per mile over the limit is, indeed, pretty steep. I still think it works out a bit better to try to stay with a lower range than a higher yearly limit - and go in early if it seems that you're getting close. While the mileage charge was a bit high, I was elated with a drop of about $6500 from the MSRP and a money factor of .001+ on an RX350 I just leased for my wife. The 60% residual is what truly made the deal wonderful. (Liked the Audi Q5 a lot -- but 43% residual???). 3 yrs, 12K/year. Lexus of Westminster, CA.
  • BushwackBushwack Posts: 258
    As I am deciding between leasing and purchasing a 2010 GS350 RWD, here are some helpful numbers for you. These are June numbers for Southern California:
    2 yr/10K miles per year: 62% Residual, Money factor (MF) .00065
    2 yr/12K miles per year: 61% Residual, MF the same (.00065)
    3 yr/10K miles per year: 55% Residual, MF of .0012 (have also been quoted .0014)
    3 yr/12K miles per year: 54% Residual, MF of .0012 (have also been quoted .0014)

    The quote per mile is accurate at .25 cents (at least here in SoCal)

    FWIW, the new GS model is coming out late February (confirmed at three separate dealerships). Most likely announced in early November. No pictures have been released.
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    You're very welcome, Bushwack. Unfortunately, I haven't heard exactly when the 2011 GS 350 will begin to arrive at showrooms.

    Car_man
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  • mrtrancemrtrance Posts: 89
    So I'm in the market for a 2010 GS350 RWD within the next month. What sort of discounts can I expect to get on this car right now? Any lease numbers out for July for 10K/36mo?
This discussion has been closed.